Korean stocks rise 22% in 10 days as chip rally regains steam
- Posted on August 13, 2026
- By Business News Today
- 1 Views
- 1 min read
In brief
South Korea's stock market experiences a robust recovery as semiconductor companies lead the charge. The Kospi index has surged approximately 22% since late July, with major memory chip producers Samsung Electronics and SK Hynix demonstrating exceptional performance. This rally reflects renewed investor confidence in the technology sector and signals a potential turning point for Asian equity markets following months of volatility and economic concerns.
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Korean stocks rise 22% in 10 days as chip rally regains steam
The benchmark Kospi gained as much as 4.8% on Thursday, extending its gain from a July 30 low to around 22%. Heavyweight memory chipmakers Samsung Electronics Co. and SK Hynix Inc. drove the advance, each jumping more than 5%.
